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HomeMy WebLinkAboutCritical Improvement Economic L l l l l l l l l l L L l l l L l l l St. Lucie County Critical Improvement Projects 2000 - 2001 Legislative Session : ~ j; .f".~. :; \" . t- "l¡< -~_." .t~--;. .~ ~ -~: :r;-, ,.. r- t ~, ., e-~!.........I.Ðnu: .__~t'" ... -. ~. ~ ,.~ ,. November 1999 ... ... .. ... .. . -.. I.. .. i ill PROPOSED PROJECTS FOR STATE FUNDING 2000-2001 .. FISCAL YEAR BUDGET .. .. .. III .. ÍIIIII .. ,;. .. ÍIIIII .. ... .. i.. .. ... St. Lucie County Board of County Commissioners .. .. .. $' ... District #1 Commissioner John D. Bruhn ... District #2 Commissioner Doug Coward District #3 Commissioner Paula A. Lewis .. District #4 Commissioner Frannie Hutchinson .. District #5 Commissioner Cliff Barnes .. ... ... .. .. ~ .. .. .. .. ... ... ill ... .. TAB 1 f .. FAST TRACK III ST. LUCIE COUNTY INTERNATIONAL AIRPORT .. ECONOMIC DEVELOPMENT PROJECT .. !III III ... ÍIIIII .. !III .. ... ... Fast Track application submitted to FDOT on November 1, 1999 St. Lucie County International Airport Economic Development Project ... ... Since the proposed Airport and adjacent industrial lands are only six miles from 1-95 and the Florida Turnpike and five miles from the Port of Fort Pierce, the County Economic Development Plan recommended designating the 1,078 acres of airport land as a Foreign Trade Zone. During the development of the Foreign Trade Zone 218 the following Mission Statement was created: To promote the Foreign Trade Zone in Southeast Central Florida to service international companies and to promote St. Lucie County as the Southeast Central Florida hub for international trade and services. ... ~.. \ ¡. To recruit businesses to the Foreign Trade Zone, the Economic Development Plan recommended the construction of a new 150-acre industrial park. Although the International Airport lands has a 100-acre industrial park, the smaller one-acre lots in the existing East Industrial Park can only accommodate small businesses. The requested Fast Track funds from this grant proposal will assist in the development of a new 150-acre Industrial Park designed for businesses requiring buildings of 100,000 square feet or larger. III ... With the County's proactive Economic Development Department, the St. Lucie County Chamber of Commerce and the Treasure Coast W AGES programs, St. Lucie County has developed a great team to recruit new businesses to the area. However, because of the agricultural history of the area, few sites are available that offer comparatively inexpensive start-up costs. Since the County owns the 150 acres and plans to develop the infrastructure with state and local funding sources, the sites will be ready to be leased within three years. By eliminating the need to purchase land and go through infrastructure permitting, the business entrepreneur can invest his resources in developing the product or service. II. I- ì. III According to the Florida Department of Labor, the Fort Pierce - Port St. Lucie Metropolitan Statistical Area had the second highest unemployment rate among the state's metro areas, with 7.2 percent of available workers without jobs. This is much higher that the state wide average of 4.2 percent. Since St. Lucie County's unemployment rate rises and drops with seasonal and agricultural shifts, there is a strong work force looking forward to a job that provides steady, dependable year round employment. ÌIIII !III The total state and local funds required to construct a 150-acre industrial park with fourteen lots that can quickly be leased to the business community is $3,134,450. This includes the County funding $854,450 for the installation of potable water and wastewater lines so businesses do not have to sacrifice their lot size for a septic tank drainage field. Although the County owned industrial park is off of the property appraiser's tax rolls, its value at the current agricultural rate is $780,000. Along with $100,000 allocated for landscaping the County will cover 55% or $1,734,450 of this total project cost of $3,134,450. ÍIIIII .. .. Fast Track monies will cover the design, permitting and construction of a % mile new service road, an entranceway from Kings Highway and pave Y2 mile of Taylor Dairy Road. The County would like to request $1,400,000 from the Fast Track program to complete these three separate road projects that will provide access to the Airport Economic Development Project. Once the industrial park is developed, 2.9 million square feet of available space could be constructed which could provide up to 1500 jobs ranging in yearly salaries from $13,000 to $150,000. III !III III ... Item Local Funds Fast Track Funds Total !III !III Pave 'li mile of Taylor Dairy Road Design, permit, construct % mile service road Kings Highway entrance road Water and wastewater infrastructure Property Value Match Agriculture rate Landscaping of roads $ 50,000 $ 150,000 $1,200,000 $ 50,000 $ 150,000 $1,200,000 $ 854,450 $ 780,000 $ 100,000 ... $ 854,450 $ 780,000 $ 100,000 ÍIIIII TOTAL PERCENT OF PROJECT COST $1,734,450 55% $1,400,000 45% $3,134,450 100% ~ Expected financial, operational, and/or public benefit from project implementation: a. How many additional jobs, and at what hourly wage? ì. III If the County can complete their goals to prepare 150 acres of industrially zoned lands for development, over 2.9 million square feet of building space could be constructed at the new industrial park. The County will evaluate the feasibility of private/public partnerships that could be coordinated to build the structures to lease or provide the option of only leasing the land. ... Once build out is complete, it is expected that this new industrial park will support a minimum of 1500 employees. Since it is hard to predict exactly the type of business that will ultimately be attracted to the site, staff believes a complete range of business functions can be performed on commodities admitted into a Foreign Trade Zone - from warehousing to complex manufacturing to exhibition and sales. Thus, the salaries could range from $13,000 to greater than $150,000 thus providing jobs to a mixed skilled work force. By addressing the high unemployment rate in St. Lucie County and providing sites to implement the Foreign Trade Zone's goals, this Fast Track project will surely benefit state and foreign trade markets. III ÌíIII b. What would be the expected annual incremental increase in facility revenue? .. ... St. Lucie County International Airport is a revenue-supported facility. The revenues generated by the East Airport Industrial Park will be used to help offset the operating and maintenance costs of the Airport. Currently, the Airport must rely on ad valorem tax revenues and Florida Department of Transportation (FDOT) funding to operate the facility and continue to expand. The land will be lease at fair market value to the prospective businesses. This Park will ultimately contribute about $325,000 a year to the Airport's revenue stream. ill! c. What would be the expected annual incremental increase in tax revenue generated from project implementation? III ... As the proposed Industrial Park is on Airport property, there is no increase in ad valorem tax revenues to the County. However, each of the businesses will be contributing personal property taxes and intangible property tax revenues. Based on the estimate of 2.9 million square feet of industrial space, St. Lucie County expects to receive approximately a $1.7 million increase in personal property and intangible property tax revenues. !III .. ÍIIIII ... .. This analysis does not account for the secondary benefits of the proposed park that include the increase housing stock, increase wages, decreased unemployment, decreased crime, and overall increase in the region's quality oflife. ... ... ~ ... ~ ... h .. .. .. III III ilia ... ... .. ÍIIIII - .. ... ... - .. ÍIIIII '~ If. .~ ... .. III .. .. .. .. ÍIIIII ... .. ill! .. .. TAB 2 TEN MILE CREEK REGIONAL ATTENUATION FACILITY ... ... .... Ten Mile Creek Water Preserve Area ... ... A proposal for $3 Million to provide partial funding for a $30 Million Regional Water Preserve Area along Ten Mile Creek which is a prototype Water Quality Restoration Project. .. ... .. lilt .. .. .. .. .. ... .. .. lilt .. .. ... ;~ III Ten Mile Creek Water Preserve Area ... Project Manager: Douglas M. Anderson County Administrator ... Amount of Request: $3 Million ... Description of Project: ÍIII This is a vital water quality restoration project to reduce the flow of polluted storm water into the St. Lucie River and the Indian River Lagoon. This project has been described as one of the prototype projects for resolving the regional pollution and sediment discharge problem in our rivers and estuaries. It will also resolve serious flooding issues in the central portion of St. Lucie County. ... i- Reason for Funding: ÌIIII This project should receive state support as a major regional water quality improvement program that is needed to improve water quality, reduce dumping of storm water into the St. Lucie River and the Indian River Lagoon and reduce flooding in the Central part of St. Lucie County. .. .. .. .. III ill! .. ... ..